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Private equity deals

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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April 24, 2012, 1:51 PM ET

CVC Capital Partners has agreed to acquire acquire turnaround consultancy AlixPartners from Hellman & Friedman. No financial terms were disclosed, although an earlier press report pegged the price in excess of $1 billion. Deutsche Bank, Bank of America Merrill Lynch, Goldman Sachs, Jefferies and UBS committed debt financing for the transaction. www.alixpartners.com

Aspire Financial Services, a St. Petersburg, Fla.–based provider of retirement plan solutions, has secured a $25 million private equity commitment from FTV Capital. www.aspirefinserv.com

The Comvest Group has acquired the U.S. fire and security branch operations of United Technologies Corp. (NYSE: UTX). No financial terms were disclosed. The newly-independent company will operate under the name Red Hawk Fire and Security, and employs more than 1,350 people at around 40 locations. www.comvest.com

Graycliff Partners has acquired a majority interest in Skandia Inc., a David Junction, Ill.–based provider of interior products and services to the aviation market. No pricing terms were disclosed. East West Bank and Brookside Mezzanine Partners provided leveraged financing. www.skandiainc.com

Thomson Reuters (NYSE: TRI) has agreed to sell its healthcare unit to Veritas Capital for $1.25 billion. www.thomsonreuters.com

Promus Equity Partners has acquired QCC LLC, a Harwood Heights, Ill.-based provider of manufacturing services with a focus on precision machining and assembly. No financial terms were disclosed.

The Riverside Company has acquired Baby Jogger LLC, a Richmond, Va.–based maker of baby strollers, bicycle trailers, and related accessories. No financial terms were disclosed. Harris Williams & Co. managed the process. www.riversidecompany.com

Validas, a Houston-based provider of mobile intelligence solutions, has raised an undisclosed amount of private equity funding from Huntsman Gay Global Capital. www.validas.com

Water Street Healthcare Partners has agreed to acquire Breg Inc., the sports medicine business of Orthofix International NV (Nasdaq: OFIX). The deal is valued at approximately $140 million. www.orthofix.com

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About the Author
By Dan Primack
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